06-10-2008, 11:19 PM | #1 |
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Forex Managed Accounts
Does anyone on this board have experiance with Forex trading. I'm not looking at doing the trading myself as it's far more difficult and complicated than stocks but even the managed accounts seem to have pretty dang good returns. Was just hoping somebody else out there has experience in this area they'd like to share.
After a bit of research this is the company I was going to go with IF I decided to give this a go. A co-worker of mine swears by it but I'm not too sure: http://www.fxcm.com/managed-accounts...s-programs.jsp |
06-11-2008, 02:35 AM | #2 |
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I like the medium risk Sentiment account
I'm older and a 20% plus with medium risk is ok for stale cash. I've never been successful chasing the highest return in anything. Good luck.
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06-11-2008, 01:40 PM | #3 | |
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Quote:
Did you notice the asterik says performance depicts both actual and hypothetical performance. What is their track record for 3 and 5 year periods? However, I know nothing of Forex trading so I can't really give you any useful information. One more thing. It is interesting to me that they knock down such huge numbers but only require a $1,000 minimum. I use money managers for my clients and the very best deal I can get is a $100,000 minimum. |
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06-11-2008, 01:41 PM | #4 |
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06-11-2008, 03:18 PM | #5 | |
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06-11-2008, 04:31 PM | #6 | |
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What I am saying though is that a fund that can get that high of returns (forex funds) has to be very nimble to do so. If a fund is huge, they can't be nearly as nimble. That is why they tend to require large minimums. They don't want to raise the kind of money the huge large cap funds do. |
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06-11-2008, 05:08 PM | #7 |
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I guess what I'm looking for is a list of the pros and cons of currency trading (Forex) as opposed to the more well known/popular/mainstream concept of stock trading and mutual funds. Currency trading for the individual consumers is a relatively new thing (last number of years really) that's been made more possible by the internet. It's much more complex and not as understood as stocks so that's why I was hoping somebody may have had some experience with it. Like I said, the returns on the managed accounts look great ON PAPER but I want to understand the 'small print' and other factors that aren't so obvious so to speak.
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06-11-2008, 05:12 PM | #8 |
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be real careful.
There have been a lot of scams. Just google forex scams and enjoy the read. I was in one out of Boca Raton. Went there, saw the operation, believed in it, got sucked in and made real good returns until the Feds arrested the operators . Lost over 200K. It was just a ponzi sceme feeding on the new blood.
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06-11-2008, 05:26 PM | #9 | |
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As with any investment, currency positions must be considered in the context of a portfolio. Be careful with currency positions. What you think might add diversification may actually put your portfolio out of balance. |
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06-11-2008, 05:41 PM | #10 |
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good advice from someone that sounds like he knows.
I needed 3 more characters.
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